Is TransferWise a safe platform for crypto transactions?

5 answers

• Kalyan TarafdarJul 25, 2021 · 4 years ago
  TransferWise is primarily a platform for international money transfers and not specifically designed for crypto transactions. While it offers convenience and competitive exchange rates, it may not have the same level of security measures as dedicated crypto exchanges. It's recommended to use a reputable crypto exchange for buying and selling cryptocurrencies to ensure the highest level of security.
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• OnigiriOct 25, 2020 · 5 years ago
  TransferWise is a popular platform for transferring money internationally, but it's not the best choice for crypto transactions. Crypto exchanges are specifically designed to handle the complexities and security requirements of cryptocurrencies. It's advisable to use a dedicated crypto exchange for your crypto transactions to minimize the risks associated with using a non-specialized platform like TransferWise.
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• LeoKaFusiFeb 25, 2025 · 5 months ago
  As an expert from BYDFi, I would not recommend using TransferWise for crypto transactions. While TransferWise is a reliable platform for international money transfers, it lacks the necessary security measures and features required for safe crypto transactions. It's better to choose a dedicated crypto exchange that prioritizes the security of your digital assets.
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• Aniket SangleJul 03, 2024 · a year ago
  TransferWise is a safe platform for traditional money transfers, but it may not be the best option for crypto transactions. Crypto exchanges have specialized security measures and features to protect your digital assets. It's recommended to use a reputable crypto exchange for buying and selling cryptocurrencies to ensure the highest level of security.
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• Bappi AhmedJul 06, 2024 · a year ago
  While TransferWise is a reputable platform for international money transfers, it's important to note that it's not specifically designed for crypto transactions. Crypto exchanges offer additional security measures and features tailored for handling cryptocurrencies. It's advisable to use a dedicated crypto exchange for your crypto transactions to minimize the risks associated with using a non-specialized platform like TransferWise.
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